Is Permian Resources Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Permian Resources Corp. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time, with a P/E ratio of 8, a Price to Book Value of 1.16, and an EV to EBITDA ratio of 3.92. In comparison to its peers, APA Corp. has a P/E of 3.70 and an EV to EBITDA of 2.30, while National Fuel Gas Co. is considered very expensive with a P/E of 11.42 and an EV to EBITDA of 8.28.
Despite the fair valuation, Permian Resources Corp. has underperformed against the S&P 500 over the past year, with a return of -13.51% compared to the index's 14.08%. This performance, along with its current valuation metrics, suggests that while the stock is not overvalued, it may not present a compelling investment opportunity at this time.